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Really? You can’t think of any reasons why he wouldn’t say that?

How about: because he was hired to take the company to an IPO, and they’re selling a growth story in that IPO.

That falls under greater fool theory.

Fares only need to go up 11% to break even today and that assumes no increases in efficiency (and similar market size at increased rates...). Lyft had bookings of $8B, and lost $900M.

grandmczeb7y ago

> Uber's new CEO didn't just say that prices had to go up 50%-100% (to basically cab fares) to create a sustainable business.

I’m assuming you mean to say he did say that? Otherwise I’m not sure I understand your comment.

If so, can you link the statement you’re referring to?

ghaff7y ago

I'm saying that Uber basically kept prices where they were when they really needed to jack them up. Which he didn't do.

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